Johnson Goods, a U.S. company is exporting to Watanabe Trading, a Japanese importer. The two parties agree on a draft, but Watanabe Trading wants it to be a draft that allows for a delay in payment. Watanabe Trading is asking for a(n)

Johnson Goods, a U.S. company is exporting to Watanabe Trading, a Japanese importer. The two parties agree on a draft, but Watanabe Trading wants it to be a draft that allows for a delay in payment. Watanabe Trading is asking for a(n)

Johnson Goods, a U.S. company is exporting to Watanabe Trading, a Japanese importer. The two parties agree on a draft, but Watanabe Trading wants it to be a draft that allows for a delay in payment. Watanabe Trading is asking for a(n)


A. sight draft.


B. time draft.


C. bill of lading.


D. counterpurchase.


E. offset.



Answer: B. time draft


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